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Indian auto stocks set to end 3-week losing run after Trump mulls tariff exemptions

ReutersApr 17, 2025 9:30 AM

Indian auto stocks climb 3.9% this week, set to snap 3-week losing run

U.S. President Donald Trump said on Monday he was considering tariff exemptions for auto-related imports that drew a 25% levy

Nifty Auto .NIFTYAUTO index dropped 5.6% over the last 3 weeks since Trump's administration announced tariff on all automobiles and auto parts imports into the country

India's top auto parts maker Samvardhana Motherson SAMD.NS biggest weekly gainer, followed by tyre maker Balkrishna Industries' BLKI.NS 7.6% climb

Other U.S.-reliant suppliers Bharat Forge BFRG.NS and Sona BLW SONB.NS gain 6.6% and 4.7% respectively

Tata Motors TAMO.NS, whose luxury unit Jaguar Land Rover gets one-fourth of sales from U.S., gains 4.9%

Most stocks on 15-member index rated "buy" on avg - data compiled by LSEG

NIFTYAUTO trims losses since Trump announced the auto tariff plan on March 26 to 1.5%

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